BRICS Bank

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How India can gain from Brics: India can use the Brics Bank to push the rupee

The bank can accept funds in member-nations’ currencies and borrowing nations can then buy from wherever the rupee is accepted

August 31, 2023 04:00 IST

India stands tall amongst BRICS with highest CAGR returns since 2008

With a double-digit compounded growth in dollar terms since 2008 GFC, India stands out among the five, having returned 11.6%…

March 23, 2022 01:30 IST

BRICS Bank to issue yuan bonds in China

The New Development Bank (NDB) founded by the BRICS countries will raise yuan-denominated funds in China with plans to release…

June 13, 2016 19:55 IST

BRICS bank to issue first yuan-denominated bonds: official

The founding members of the NDB have already brought in capital of USD one billion as initial contribution. The bank…

Updated: June 1, 2016 13:13 IST

‘BRICS bank okays first loans, $811 mn for green energy’

The New Development Bank (NDB), formed by the BRICS group of emerging nations, has approved its first loans – $811…

April 16, 2016 19:21 IST

BRICS bank, others result of failure of IMF reform: US

In June, during a US visit Union Finance Minister Arun Jaitley had attributed the emergence of new multilateral financial institutions…

Updated: September 18, 2015 11:54 IST

BRICS bank launched in China as alternative to World Bank, IMF

The New Development Bank (NDB) floated by the BRICS nations, including India, to step up infrastructure funding in the emerging…

Updated: July 21, 2015 15:44 IST

BRICS bank to start working on staff recruitment, infrastructure

The $100 billion NDB is promoted by Brazil, Russia, India, China, and South Africa for investments in infrastructure in the…

July 17, 2015 13:30 IST

BRICS bank to start lending in local currency by April: KV Kamath

The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by…

July 10, 2015 13:04 IST

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BPCL, Oil India to build Rs 1-lakh-cr refinery in AP

Business5 hr ago

BPCL and Oil India have joined forces to build a refinery and petrochemical complex in Andhra Pradesh worth Rs 1 lakh crore. This project will also include a cross-country pipeline and the production of organic fertilisers. The refinery will have a capacity of 9-12 MTPA and has all necessary clearances and land in place.

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